The most significant incentive to install solar panels in austin is the 26 federal tax credit.
City of austin solar panels.
How to earn a rebate.
Earn an austin energy rebate of 2 500.
Austin energy credits residential solar production at the current value of solar rate of 9 7 cents per kwh effective january 1 2018.
This means in order to maximize your savings potential the best time to go solar in austin is now.
Austinites are embracing solar as a clean green alternative source of power.
Good for austin good for the environment.
However you will receive a vos credit on your bill for every kilowatt hour generated by your leased solar pv system.
You also contribute to the expansion of green jobs in the austin area.
Austin energy wants to help you have the best experience and make the best investment possible.
Get the knowledge you need to make an informed decision.
Once the capacity allotment for an incentive level has been achieved the incentive will be reduced to the next level in the program ramp down schedules.
However the tax credit is set to step down to 22 at the end of 2020.
If you choose to lease your solar pv system you are not eligible for a rebate.
Your efforts to keep austin green could literally pay off with rebates and incentives offered through the city.
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Reduce your energy bill.